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For the past 8 years, I hv seen CS going up each year counting the price immediately after Chinese New Year. This year is different. It was down from the last CNY. Is this the beginbning of a downward cycle for CS?.
But honestly, it is quite cheap.
is it a good time to pick up shares like Chartered Semiconductor which is trading at 72 cents now, a far cry from the over $20 it was trading years ago? Back then even their internal staff bought at preferential price of $11! After factoring the inflation and compare to other GLC's growth, this counter seems dirt cheap.
